TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number (TAN). Any person making specified payments mentioned under the I-T Act are required to deduct tax at source and needs to deposit within the stipulated time for the following payments :

1) Payment of Salary

2) Income by way of “Income on Securities”

3) Income by way of winning lottery, puzzles and others

4) Income from winning horse races

5) Insurance Commission

6) Payment in respect of National Saving Scheme and many others

TDS (Tax Deducted at Source) is an indirect system of deduction of tax at the point of generation of income. TDS is income tax required to be deducted at the time money is credited to the payee’s account or at the time of payment, whichever is earlier. Tax is deducted and is remitted to the account of government on behalf of the payee by the payer. TDS return is a statement submitted to the IT department on quarterly basis. It is essential for business entities to deposit income tax and file TDS return on time.In online TDS return, TDS return is defined as the summary of every transaction made in relation to the quarterly TDS payments. This statement should be submitted by the deductor to the IT Department.